RE: who is controlling Novacyt ?8 Sep 2022 12:09
Opinion:-
I believe this is an intentional disconnect.
I congratulate Neil on his appointment and don’t see why a new CEO would want a crashing share price nor a dismal sales business. Liquidity is hard in these high interest times. Inflation hits govt. budgets as consumers. Sales may be under pressure of course. Nut Nov is not under pressure from creditors like many many businesses. Paid off debt 2020. Govt. refusal to pay up pressures the books of course. I have seen scenarios here, but ‘ going concern’ usually fails on debt recall from creditors. Viral diseases are rampant globally in spite of a plethora of anti-virals and winter is here in 6-7 weeks. Covid is predicted to spike here and in the Northern Hemisphere together with flu. The NHS will be under pressure.
IMO the market makers are intentionally driving this share as low as they can. The govt. case has not changed from a month ago (!) but we are down nearl 20%.
It disillusions private investors (intentional)
and deters instotutions. Which leaves the City traders fully in control of where the price goes. They clearly have a plan to bring it down because nothing except inflation/energy/interest rates has changed. A hard winter ahead? Certainly. But harder if we are battered by a new variant or other nasty.
AIM is seriously a short term
Puppet index. Affected by volume, sentiment, duplicity and corruption.
No great wisdoms from me….just to say the legal cases have not altered (!) , nor has Nov’s liquidity , just the glpbal backdrop. Which , when regognized, is usually overplayed. Forewarned is forearmed.
The spoke in the wheel is soaring interest rates , but Nov is debt-free.
Simplicicity perhaps, but I see this as a machinated market suppression of Ncyt.IMH and true O.
Winter is on our doorstep though and Nov does not just do Covid.